Madison Air Solutions Corp

S-1/A amended

Madison Air Solutions Corp. is conducting an initial public offering (IPO) of 82,692,308 shares of Class A common stock at an estimated price range of $25.00 to $27.00 per share, with plans to list on the NYSE under the symbol 'MAIR.' The offering includes a concurrent private placement of $100 million in Class B common stock to Madison Industries Holdings LLC, led by founder Larry Gies. Post-offering, Gies will retain 95.2% voting control, making the company a 'controlled company' under NYSE rules. The IPO also includes an underwriter option to purchase additional shares and commitments from cornerstone investors to buy $525 million in Class A shares.

S-1/A amended

Madison Air Solutions Corp's S-1/A filing amends its initial registration statement to include Part II, which contains updated disclosures about indemnification agreements, recent unregistered securities sales, and other expenses. The amendment does not alter the prospectus content but adds procedural and legal details, including indemnification provisions for directors/officers and specifics around prior equity conversions and acquisitions.

S-1 filed

Madison Air Solutions Corp. is conducting an initial public offering (IPO) of its Class A common stock, aiming to list on the NYSE under the symbol 'MAIR.' The offering involves transitioning to a controlled company structure, with Class B shares held by entities controlled by the founder, Larry Gies, ensuring his 100% voting control. The company has completed organizational transactions to consolidate ownership of subsidiaries and has engaged underwriters for the offering. The IPO follows a divestiture of Nortek Global HVAC LLC in 2024, with proceeds intended for growth and operational needs.

DRS/A amended

Madison Air Solutions Corp's DRS/A filing amends its confidential submission for an IPO, incorporating pro forma financials reflecting the AprilAire Acquisition and organizational restructuring. The filing highlights the company's controlled company status via founder voting dominance, details Class A/B stock voting structures, and outlines risks related to pro forma data, divestiture impacts, and offering uncertainties. Key changes include enhanced disclosures on financial adjustments and corporate governance.

DRS filed

Madison Air Solutions Corp is conducting an initial public offering (IPO) of its Class A common stock, transitioning from a private entity to a publicly traded company. The offering includes two classes of stock: Class A (1 vote per share) and Class B (10 votes per share, convertible to Class A). The company will be a 'controlled company' under the founder's ownership, with no prior public market for Class A shares. The filing outlines organizational transactions, including acquisitions and divestitures, and references risk factors related to control, governance, and financial uncertainties.